Sei Investments Co. Acquires 103,351 Shares of Aon plc $AON

Sei Investments Co. increased its stake in Aon plc (NYSE:AON) by 34.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 404,969 shares of the financial services provider’s stock after acquiring an additional 103,351 shares during the quarter. Sei Investments Co. owned 0.19% of AON worth $144,477,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Entropy Technologies LP bought a new position in shares of AON during the 1st quarter worth about $557,000. Virtu Financial LLC acquired a new position in AON during the 1st quarter worth approximately $201,000. SouthState Corp boosted its holdings in AON by 4,477.8% in the first quarter. SouthState Corp now owns 412 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 403 shares in the last quarter. HighTower Advisors LLC grew its stake in AON by 13.3% in the first quarter. HighTower Advisors LLC now owns 43,738 shares of the financial services provider’s stock valued at $17,455,000 after acquiring an additional 5,142 shares during the period. Finally, Prudential PLC increased its holdings in shares of AON by 60.0% during the first quarter. Prudential PLC now owns 11,804 shares of the financial services provider’s stock valued at $4,711,000 after acquiring an additional 4,428 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

AON Trading Down 1.8%

Shares of AON stock opened at $340.08 on Thursday. Aon plc has a 52-week low of $323.73 and a 52-week high of $412.97. The company has a 50-day simple moving average of $347.70 and a two-hundred day simple moving average of $356.40. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $73.09 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 1.98 and a beta of 0.84.

AON (NYSE:AON) last announced its earnings results on Friday, October 31st. The financial services provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.14. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.97 billion. AON had a return on equity of 48.88% and a net margin of 15.96%.The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.72 EPS. Research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were paid a dividend of $0.745 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, November 3rd. AON’s payout ratio is presently 23.88%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wolfe Research started coverage on AON in a report on Monday, September 15th. They issued a “peer perform” rating on the stock. TD Cowen reduced their price objective on shares of AON from $419.00 to $416.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Evercore ISI upped their target price on shares of AON from $427.00 to $435.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Roth Capital reiterated a “buy” rating and set a $390.00 price target on shares of AON in a research note on Tuesday, November 4th. Finally, Keefe, Bruyette & Woods lowered their price objective on AON from $428.00 to $410.00 and set an “outperform” rating for the company in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $416.56.

AON Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.